AGI Greenpac Limited

Business Activities & Products

  • Main Business Activity: Packaging Products (Container Glass bottles, PET bottles and Security Caps and Closures)
  • Percentage of Turnover: 99%
  • Product-wise Turnover Contribution:
  • Glass Containers (NIC Code 23103): 90% of total turnover
  • PET bottles and Caps and Closures (NIC Code 22203): 9% of total turnover

Operations & Markets

  • Number of Locations: 12 total (7 plants, 5 offices) all national; no international operations
  • Markets Served: 29 States/Union Territories nationally
  • Export Contribution: 4.67% of total turnover
  • Customer Base: Primarily B2B including alcoholic beverage companies, non-alcoholic beverage companies, pharmaceutical companies, food industry players, FMCG companies, cosmetics and personal care companies, perfume and fragrance manufacturers, and industrial customers for specialty and chemical packaging.

Workforce Details (as at end of FY 2025-26)

Employees and Workers

  • Permanent Employees: 895 (Male: 861 [96.20%], Female: 34 [3.78%])
  • Other than Permanent Employees: 0
  • Permanent Workers: 671 (Male: 671 [100%], Female: 0 [0%])
  • Other than Permanent Workers: 3,153 (Male: 2,272 [72.06%], Female: 881 [27.94%])
  • Total Workforce: 4,719 (Employees: 895, Workers: 3,824)

Differently Abled

  • Permanent Employees: 2 (Male: 2 [100%], Female: 0 [0%])
  • Other Categories: Nil across all other classifications

Gender Representation

  • Board of Directors: 25% women (2 out of 8)
  • Key Management Personnel: 0% women (0 out of 4, which includes Mr. Sandip Somany, Chairman & Managing Director)

Turnover Rates (FY 2025-26)

  • Permanent Employees: 20.60% (Male: 19.84%, Female: 40.00%)
  • Permanent Workers: 26.57% (Male: 26.57%, Female: Nil)

Corporate Structure

Holding/Subsidiary/Associate Companies:

1. Somany Impresa Limited (Holding Company) - 50.84% shares held by listed entity. Does not participate in Business Responsibility initiatives.

2. AGI Retail Private Limited (Subsidiary Company) - 100% shares held. Does not participate in Business Responsibility initiatives.

3. Sun Reach Pack (FZE) (Subsidiary Company) - 100% shares held. Does not participate in Business Responsibility initiatives.

CSR Applicability

  • CSR Applicable: Yes (as per section 135 of Companies Act, 2013)
  • Turnover: ₹2,648.01 Crores
  • Net Worth: ₹2,407.87 Crores

Complaints/Grievances Mechanism

  • Mechanism in Place: Yes. AGI Greenpac's Vigil Mechanism provides a robust mechanism for stakeholders including Employees, Directors, Contractual Employees, Trainees, Vendors, Suppliers, and other persons associated with the company for reporting concerns.
  • Weblink: Whistle-blower Policy
  • Complaints Received (FY 2025-26):
  • Shareholders: 6 filed, 1 resolved at close of year
  • Employees and workers: Nil
  • Customers: Nil
  • Value Chain Partners: Nil
  • Others: Nil

Material Responsible Business Conduct Issues

The company identified and detailed 9 material issues:

1. GHG Emissions and Energy Management (Risk and Opportunity): Rationale includes energy-intensive industry challenges, regulatory compliance risks (PAT scheme, carbon pricing), and reputational risks. Approach includes SBTi target submission (awaiting validation), climate risk assessment, increasing renewable share (solar plants, electric forklifts), energy-efficient equipment (IE3, IE4 motors), emission control technology (electrostatic precipitator with scrubber), R&D for innovative glass, and increasing cullet utilization. Financial implications: Positive (cost optimization) and Negative (investment costs, reputational damage risk).

2. Water Management (Risk and Opportunity): Rationale includes business continuity risk from scarcity and quality issues, and high treatment costs. Approach includes rainwater harvesting, zero liquid discharge, water reuse (STPs, RO systems), dry optical cullet sorter, repurposing RO reject water, monitoring, Internal Water Price (IWP), and water replenishment (ponds, artificial lakes). Financial implications: Positive (cost optimization) and Negative (operational disruption risk).

3. Waste Management (Risk and Opportunity): Rationale focuses on opportunity for cost reduction and resource efficiency through recycling. Approach includes reusing 100% production waste, recycling over 3 lakh tonnes of cullet in FY25-26, high-quality cullet utilization, authorized hazardous waste disposal, zero waste to landfill target, and Environmental committee reviews. Achieved 50% recyclable cullet utilization. Financial implications: Positive (cost optimization) and Negative (regulatory fines, reputational damage).

4. Human Capital Development (Risk and Opportunity): Rationale includes benefits of skilled workforce and risks of talent retention issues. Approach includes diversity focus, inclusive workplace, equal opportunities, competitive compensation, talent management programs, career path planning, rewards (Star Performers Awards, Gift Vouchers), training (sustainability, health & safety, skill upgradation). Financial implications: Positive (productivity increase) and Negative (reputational damage risk).

5. Occupational Health and Safety (Risk and Opportunity): Rationale is prevention of accidents, injuries, and reputational harm. Approach includes ISO 45001:2018 certification, EHS training, battery-operated forklifts, addressing unsafe conditions, policy benefits, wellness programmes, feedback surveys, and plans to double safety training hours. Financial implications: Positive (uninterrupted business) and Negative (productivity impact risk).

6. Human Rights (Risk and Opportunity): Rationale is avoiding regulatory/legal challenges and reputational damage. Approach includes implemented policies, code of conduct, human rights assessment, focused committee for complaints, and regular training for employees/workers. Financial implications: Positive (innovation enhancement) and Negative (brand image impact, talent retention issues, regulatory fines).

7. Business Ethics, Compliance, and Integrity (Risk and Opportunity): Rationale is achieving governance excellence and stakeholder confidence. Approach includes comprehensive Code of Conduct, Whistleblower Policy, diverse Board monitoring sustainability targets, and annual performance evaluations including non-financial metrics. Financial implications: Positive (compliance avoiding litigations) and Negative (reputational risk, loss of trust).

8. Responsible Supply Chain (Risk and Opportunity): Rationale includes sustainable sourcing benefits, compliance with labour/environment regulations, raw material availability risks, and price volatility. Approach includes developing sustainable sourcing policy, encouraging value chain partners to follow Code of Conduct, balance of social/economic/environmental impacts, developing mines/crushing plants near manufacturing units (reducing transport costs/carbon), and bulk Soda Ash procurement through Concur. Financial implications: Positive (brand reputation, avoiding fines) and Negative (fines, production delays, cost increases).

9. Principle 9 (Consumer Responsibility) is listed in the table structure but its detailed text rationale, approach, and financial implications are not provided in the data.

Management & Process Disclosures

  • Policy Coverage: The entity's policies cover all 9 NGRBC Principles (P1 to P9). All policies have been approved by the Board.
  • Weblinks to Policies: Company Policies, Business Responsibility Policies, Vigil Mechanism/Whistle-Blower Policy, Corporate Social Responsibility Policy, Code of Conduct for Directors and Senior Executives, Integrated Management System Policy, AGI ESG Policy.
  • Policy Translation: Policies have been translated into procedures (Yes for all principles).
  • Value Chain Extension: Policies extend to value chain partners (Yes for all principles).
  • Standards & Certifications: Adopted standards include DMF (Quality for US pharma), ISO 15378:2017 (Quality for medicinal packaging), FSSC 22000 (Food safety), ISO 9001:2015 (Quality), ISO 14001:2015 (Environmental), ISO 45001:2018 (Occupational health & safety), ISO 50001:2018 (Energy).
  • Commitments & Targets: Long-term target of achieving Net Zero emissions by 2050. Near-term strategy focused on reducing direct/indirect emissions by 2034, improving energy efficiency, and resource optimization. Targets reflect commitment to decarbonization and sustainable growth.
  • Performance Against Commitments: Progress demonstrated through increased renewable energy use, recycling over 3 lakh tonnes of cullet, and implementation of energy conservation, EV adoption, waste utilization, and water saving initiatives across all plants. Disclosures and measurable progress against targets will be strengthened in coming years.

Governance, Leadership, and Oversight

  • Director's Statement: Sandip Somany, Chairman & Managing Director, highlighted focus on operational efficiency, energy/resource utilization, renewable energy integration, water stewardship, circularity (cullet utilization), workforce engagement (safety, capability, inclusivity), community alignment with local needs, and ESG integration into enterprise risk management. The Board and its Committees review sustainability-linked risks. The company is working towards clearer medium/long-term ESG targets on emissions reduction, renewable energy, and resource efficiency.
  • Highest Oversight Authority: The Board of Directors, led by the Chairman and Managing Director, is responsible for implementation and oversight of Business Responsibility policies. Oversight is supported by the Risk Management Committee (sustainability risks) and the CSR Committee (sustainability/CSR initiatives). Operational implementation is by Business Unit Heads and Heads of Corporate Functions.
  • Board Committee for Sustainability: Yes. The Risk Management Committee oversees sustainability-related risks. The CSR Committee reviews and monitors sustainability and CSR initiatives.
  • Review of NGRBCs: The Company periodically reviews its Business Responsibility and sustainability policies for effectiveness and relevance, implementing necessary modifications. Continuous monitoring and follow-up actions are undertaken. Compliance with statutory requirements is ensured through a structured framework, with detailed reports and certificates submitted periodically to the Board. Corrective actions are taken for any non-compliance.
  • External Assessment: The entity has NOT carried out independent assessment/evaluation of the working of its policies by an external agency (No).

Principle-wise Performance Disclosure (Selected Highlights)

Principle 1 (Ethics, Transparency, Accountability)

  • Training Coverage: 100% of BoD, KMPs, Employees, and Workers covered on relevant principles (e.g., SEBI PIT, Human Rights, Health & Safety).
  • Fines/Penalties: Nil paid in proceedings with regulators/law enforcement/judicial institutions.
  • Anti-Corruption Policy: Yes, embedded in Code of Conduct and Vigil Mechanism/Whistleblower Policy. Weblink provided.
  • Disciplinary Action: Nil against Directors/KMPs/Employees/Workers for bribery/corruption.
  • Conflict of Interest Complaints: Nil received for Directors or KMPs.
  • Accounts Payable Days: 81 days (FY 2025-26 and restated FY 2024-25).
  • Concentration of Sales: 4.85% to dealers/distributors (125 dealers). Top 10 dealers accounted for 60.48% of dealer sales.
  • Related Party Transactions (RPTs): Sales to related parties were 0.89% of total sales. Investments in related parties were 10.12% of total investments.

Principle 2 (Sustainable & Safe Goods/Services)

  • R&D Investment: 1.23% of total R&D investment in technologies for environmental/social impact improvement.
  • Capex Investment: 13.76% of total capex investment in technologies for environmental/social impact improvement.
  • Sustainable Sourcing Procedures: Yes. 50% of raw materials sourced from sustainable suppliers. Initiatives include local mining/ crushing plants and bulk procurement.
  • Waste Reclaiming Processes: Established processes for plastics, e-waste, hazardous waste, and other waste (primarily glass) through authorized vendors. Glass waste/cullet is reused in production.
  • Extended Producer Responsibility (EPR): Applicable (Yes). EPR registrations (7 producer, 1 brand owner, 1 importer) approved by CPCB. Waste collection plan is in line with CPCB guidelines. Annual returns filed.

Principle 3 (Employee Well-being)

  • Well-being Measures Coverage (Employees): 100% coverage for Health Insurance and Accident Insurance for permanent employees. Maternity Benefits covered 100% of female employees (4% of total employees). Paternity Benefits covered 100% of male employees (96% of total employees). Day-care Facilities covered 100% of female employees (4% of total employees).
  • Well-being Measures Coverage (Workers): 100% coverage for Health Insurance and Accident Insurance for permanent and other-than-permanent workers. Maternity Benefits covered 100% of female other-than-permanent workers (27.94% of total workers). Day-care Facilities covered 100% of female other-than-permanent workers (27.94% of total workers).
  • Spending on Well-being: 0.45% of total revenue (FY 2025-26), increased from 0.30% in FY 2024-25.
  • Retirement Benefits: 100% coverage for PF and Gratuity for employees and workers. 100% coverage for ESI for workers. 11.8% coverage for ESI for employees. All deducted and deposited with authority where applicable.
  • Workplace Accessibility: Premises are accessible to differently abled employees/workers (Yes), with wheelchair-friendly access, ramps, etc.
  • Equal Opportunity Policy: Yes, aligned with Rights of Persons with Disabilities Act, 2016. Accessible internally on intranet.
  • Return to Work after Parental Leave: 100% return to work and retention rate for permanent employees who took parental leave.
  • Grievance Mechanism: Yes for all categories of permanent workers, other-than-permanent workers, and permanent employees. Channels include suggestion boxes, online system, grievance redressal committee, and Vigil Mechanism.
  • Union Membership: 25.48% of permanent workers were part of associations/unions (171 out of 671). No employees were part of associations/unions.
  • Training Given: 98.2% of employees received training (43.9% received sustainability training). 100% of workers received training (41.1% received sustainability training).
  • Performance Reviews: 100% of employees and workers underwent performance and career development reviews.
  • Health & Safety Management System: Implemented (Yes), certified under ISO 45001:2018. Covers all employees, workers, and stakeholders.
  • Safety Incident Details (FY 2025-26): Lost Time Injury Frequency Rate (LTIFR): Nil. Total recordable work-related injuries: Nil. Fatalities: Nil. High consequence work-related injury: Nil. (Same for FY 2024-25).
  • Safety Complaints: 37 complaints on Health and Safety filed during the year, all resolved by year-end. 55 complaints on Working Conditions filed, all resolved.
  • Assessments: 100% of plants and offices assessed for health & safety practices and working conditions.

Principle 4 (Stakeholder Responsiveness)

  • Stakeholder Identification Process: Defined approach classifying internal (employees, workers, Board) and external (shareholders, customers, suppliers, communities, regulators, etc.) stakeholders. Promotes two-way communication.
  • Key Stakeholder Groups & Engagement: Listed groups include Employees/Workers, Customers (B2B), Suppliers, Investors/Shareholders, Local Communities, Board of Directors, Regulators/Government, Auditors, Industrial Associations. Engagement is ongoing/regular through various channels (email, meetings, calls, community engagement, filings, reports). Local Communities are identified as a Vulnerable/Marginalised Group.

Principle 5 (Human Rights)

  • Human Rights Training: 100% of employees and workers (permanent and other-than-permanent) provided training on human rights issues and policies.
  • Minimum Wages: 100% of permanent employees and permanent workers received above minimum wage. For other-than-permanent workers, 91.07% of males and 77.19% of females received above minimum wage.
  • Remuneration Details:
  • Median remuneration for BoD: ₹20,00,000 (Male and Female).
  • Median remuneration for KMP: ₹4,98,07,200 (Male; Female not applicable).
  • Median remuneration for other employees: ₹7,96,087 (Male), ₹6,73,222 (Female).
  • Median remuneration for permanent workers: ₹4,05,926 (Male; Female not applicable).
  • Gross wages paid to females: 1.25% of total wages (FY 2025-26), decreased from 2.34% in FY 2024-25.
  • Human Rights Focal Point: Yes. Prevention of Sexual Harassment (POSH) Committee and Grievance Redressal Committee address human rights impacts/issues.
  • Internal Grievance Mechanisms: Robust mechanisms include POSH Committee, Grievance Redressal Committee, and Vigil Mechanism/Whistleblower Policy with confidential hotline.
  • Human Rights Complaints: Nil complaints received across all categories (Sexual Harassment, Discrimination, Child Labour, Forced Labour, Wages, Other) for both current and previous year.
  • POSH Complaints: Total complaints reported under POSH Act: Nil. Complaints upheld: Nil.
  • Mechanisms against Retaliation: Policies (POSH, Vigil Mechanism) ensure complainant confidentiality and protection from retaliation/victimization.
  • Human Rights in Contracts: Human rights requirements form part of business agreements and contracts (Yes).
  • Assessments: 100% of plants and offices assessed for child labour, forced labour, sexual harassment, discrimination, wages, and other human rights issues.

Principle 6 (Environmental Protection)

  • Energy Consumption & Intensity (FY 2025-26):
  • Total Energy Consumed: 41,00,672 GJ
  • From Renewable Sources: 2,14,241 GJ (comprising renewable electricity: 1,68,717 GJ, renewable fuel: 45,524 GJ)
  • From Non-Renewable Sources: 38,86,431 GJ
  • Energy Intensity: 153.85 GJ/million rupees of turnover
  • Energy Intensity (physical output): 6.22 GJ/MT
  • PAT Scheme: Not applicable currently. Glass sector included in PAT in 2023 but baseline assessment not yet undertaken by BEE. Not applicable to non-glass business segments.
  • Water Details (FY 2025-26):
  • Water Withdrawal: 222,146 kL (Groundwater: 105,009 kL, Third party: 117,137 kL, Surface: 0 kL)
  • Water Consumption: 251,916 kL
  • Water Intensity: 9.45 kL/million rupees of turnover
  • Water Intensity (physical output): 0.38 kL/MT
  • Zero Liquid Discharge (ZLD): Implemented across all manufacturing facilities (Yes). Treated water reused in operations.
  • Air Emissions (FY 2025-26): NOx: 128 mg/Nm³, SOx: 95 mg/Nm³, Particulate Matter (PM): 40 mg/Nm³. Other pollutants (POP, VOC, HAP): Not Available.
  • GHG Emissions (FY 2025-26, Scope 1 & 2):
  • Total Scope 1 & 2 Emissions: 39,31,955 Metric tonnes CO2 equivalent
  • Emission Intensity: 18.37 MT CO2e/million rupees of turnover
  • Emission Intensity (physical output): 0.74 MT CO2e/MT
  • GHG Reduction Projects: Yes. Initiatives include SBTi target submission, renewable energy increase (solar, open access), energy efficiency measures (efficient compressors, blowers, LED lighting, VFDs, furnace optimization, daylight utilization, auto-drain valves), and process optimizations.
  • Waste Management (FY 2025-26):
  • Total Waste Generated: 3,017 MT
  • Waste Intensity: 0.11 MT/million rupees of turnover
  • Waste Intensity (physical output): 0.004 MT/MT
  • Waste Recovered/Recycled: 3,017 MT (100%)
  • Waste Disposed: 0 MT (Zero waste to landfill)
  • Key waste types: Plastic (289.69 MT), E-waste (40.25 MT), Hazardous (Various: 330.66 MT total), Non-Hazardous (Mundies: 2,101 MT; Carton boxes: 247.80 MT)
  • Waste Management Practices: Closed-loop approach, waste minimization, segregation, authorized recyclers, cullet sorter/fine sorter machines, ZLD. Hazardous waste managed via authorized vendors.
  • Ecologically Sensitive Areas: The company does NOT have operations/offices in/around ecologically sensitive areas (Not Applicable).
  • Environmental Impact Assessments: Not undertaken in current financial year (Not Applicable).
  • Environmental Compliance: Compliant with applicable environmental laws/regulations (Yes). No non-compliances reported.
  • Water Stress Area Operations: Hyderabad plant located in water-stressed area. Water withdrawal: 76,444 kL (all groundwater), consumption: 76,444 kL, intensity: 2.87 kL/million rupees turnover. Implements ZLD.
  • Resource Efficiency Initiatives: Listed 18 specific initiatives undertaken to improve water efficiency, energy efficiency, and reduce waste/emissions, with descriptions and outcomes provided.
  • Business Continuity Plan: Yes, a comprehensive Emergency Preparedness and Disaster Management Plan is in place for industrial emergencies.

Principle 7 (Responsible Policy Influence)

  • Industry Affiliations: Affiliated with 6 trade/industry chambers/associations. Top listed: All India Glass Manufacturer Federation (AIGMF), Confederation of Indian Industry (CII), Indian Institute of Packaging (IIP), Federation of Telangana Chamber of Commerce and Industry (FTCCI), The Employers' Federation of Southern India (EFSI), Merchants Chamber of Commerce and industry (MCCI).
  • Anti-competitive Conduct: No instances of adverse orders from regulatory authorities relating to anti-competitive conduct during the reporting period. No corrective actions required.

Principle 8 (Inclusive Growth)

  • Social Impact Assessments (SIA): Not required during current financial year (Not Applicable).
  • Rehabilitation & Resettlement (R&R): No projects requiring R&R undertaken (Not Applicable).
  • Community Grievance Mechanisms: Addressed through plant-level interactions, CSR partners, and local representatives. Need-based initiatives undertaken.
  • Sourcing from MSMEs/Within India: 27% of input material by value sourced directly from MSMEs/small producers. 91% sourced directly from within India.
  • Job Creation in Smaller Towns: Wages paid - Rural: 65.51%, Semi-urban: 1.35%, Urban: 3.32%, Metropolitan: 29.81%.
  • CSR in Aspirational Districts: No CSR projects undertaken in government-designated Aspirational Districts.
  • Preferential Procurement Policy: The company does NOT currently have a formal preferential procurement policy for marginalized/vulnerable groups (No).
  • CSR Beneficiaries: Details provided for 9 CSR projects in Bhongir/Hyderabad/Mahbubnagar areas, with number of beneficiaries and percentage from vulnerable/marginalized groups (ranging from 30% to 100%).

Principle 9 (Responsible Consumer Engagement)

  • Consumer Complaint Mechanisms: Primarily through email, customer engagement channels, and a Customer Concern Portal on website (B2B model).
  • Product/Service Information: 100% of turnover from products/services carrying information about safe/responsible usage and recycling/safe disposal.
  • Consumer Complaints: Nil complaints across all categories (Data privacy, Advertising, Cyber security, Delivery of Essential Services, Restrictive Trade Practices, Unfair Trade Practices, Other) for both current and previous year.
  • Product Recalls: No instances of product recalls due to safety issues.
  • Cyber Security/Data Privacy Framework: Yes, exists at group level. Weblink to Privacy Policy provided.
  • Corrective Actions: No issues reported requiring corrective actions.
  • Data Breaches: Number of instances: Nil. Percentage involving PII: Nil. Impact: Not Applicable.
  • Information Channels: Company website (https://agigreenpac.com/), reports/disclosures section, stock exchange filings.
  • Consumer Education: Through direct B2B engagement, technical guidance, product specifications, and customer feedback mechanisms.

Assurance

  • Assurance Provider: TUV SUD South Asia Pvt. Ltd.
  • Type of Assurance: Independent Reasonable Assurance on BRSR Core Indicators for FY 2025-26.
  • Assurance Standard: Conducted in accordance with ISAE 3000 (Revised) and ISAE 3410. Referenced GHG Protocol and ISO 14064.
  • Assurance Boundary: Covered 5 selected locations (Plastek Dharwad, Commercial Glass Bhongir, Specialty Glass Bhongir, Commercial Glass Hyderabad, Corporate Office Hyderabad) and virtual desktop verification for all non-financial data.
  • Conclusion: Based on the procedures performed, the identified Sustainability Information included in the BRSR is prepared, in all material respects, in accordance with the Criteria. The assurance statement provides positive conclusions regarding Governance, Stakeholder Inclusiveness, Materiality, Responsiveness, Completeness, Reliability, Impact, and Consistency/Comparability.